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tv   Erin Burnett Out Front  CNN  November 24, 2025 4:00pm-5:00pm PST

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>> my pain and congestion with. >> mucinex. >> rapid and clear. >> wait, what? time out. >> time out. beat pain, congestion and headaches. new mucinex. rapid and clear. >> when you've got a classic ride, you need tools you trust. whether you drive it every day or only take it out on the biggest night of the year, count on harbor freight early. black friday is here erin burnett out front next on cnn. >> the smithsonian national zoo has one more reason to be thankful. this thanksgiving, for the first time in nearly 25 years, one of their asian elephants is pregnant. the calf is expected sometime between mid january and march of next year. the exact due date not known because, turns out, asian elephants are usually pregnant for anywhere between 18 and 22 months. erin burnett outfront starts right now. >> outfront next. comey wins against trump. the white. >> house vowing. >> to appeal. >> after the cases against
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james. >> comey and letitia james were thrown out. and breaking. news under. >> attack. >> explosions right now in ukraine., >> as we're learning details about the. >> quote. >> unquote peace. >> plan. >> even as trump lashes. >> out at zelensky. >> falsely accusing him. >> of not. >> saying thank you. and the trump family fortune. >> suffering a massive loss after. >> crypto plunges as. >> fears of. >> a. >> bubble grow. let's go out. >> front. >> good evening. i'm erin. >> burnett. >> outfront tonight, the breaking. >> news, trump's. >> revenge tour. >> detour, the white house tonight saying it will appeal cases against former fbi. director james comey and the new york attorney general, letitia james. >> why? >> well, they had a big loss today. a federal judge tossed both cases out, the judge writing that u.s. attorney lindsey halligan, who was trump's personal attorney for a timetime and had never before t a case, was appointed illegally. the judge writes, quote, i agree with mr. comey that the attorney general's attempt to install miss halligan as interim u.s. attorney for the eastern district of. virginia was invalid. and because miss halligan had no lawful authority to present the indictment, i
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will grant mr. comey's motion and dismiss the indictment without prejudice. now, halligan had only been on. >> the job. >> for four days before indicting comey. comey and i put that in quotes because this is the whole point about whether she had been fully and lawfully in her position and able to sign the indictment. remember, she was appointed after the former acting u.s. attorney resigned, resigned because of pressure to indict trump's perceived enemies like comey. they didn't think there was a case, couldn't get them to go ahead and prosecute it. so they brought in halligan. >> to do it. >> well, tonight, comey is speaking out. >> i know that donald trump will probably come after me again, and my attitude is going to be the same. i'm innocent. i am not afraid. and i believe in an independent federal judiciary. the gift from our founders that protects us from a would be tyrant. >> now, the case. >> against comey is something that trump willed into existence. i mean, for years he's been attacking comey. most recently, he made it very clear
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that he wanted his own former fbi director to pay. >> i will tell you this a great honor to fire james comey. he was a terrible person, did terrible things and persecuted people and all in the guise of being an angel. but he wasn't an angel because the fbi under comey was crooked as hell. he was one of the most crooked. comey lied to everybody. brennan i think i'd be allowed to get involved if i want, but i don't really choose to do so. i can only say that comey is a bad person. >> and he said similar things about letitia james. >> the fascist and racist attorney general of new york state, letitia james. you have an attorney general who's a total stone cold, crook. new york state, letitia james, a total crook, a crooked ag letitia james, letitia james from new york. york. this is another real lola. there's no
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question about letitia james, the corrupt attorney general of new york. >> but today's ruling, right. tossing both of those cases does come at a precarious time for president trump. so last week, right. a judge ordered an end to trump's national guard deployment in washington, d.c. they called it unlawful. and deployment orders then were temporarily blocked in oregon and illinois. that's a big blow to his plan with the national guard. and just a week ago, this moment in history when trump lost every single republican vote but one in the entire house and senate on something that he forbade them to do, he told them it was a hostile act against his administration if they did it. all but one went against him voting in favor of releasing the epstein files for months. only four house republicans backed that bill. they were all too many people afraid of trump. but then all of a sudden, that sea change. and when trump saw the writing on the wall suddenly changed his tune, and republican support exploded from 4 to 216. and then the filibuster during the shutdown. right. trump wanted to shut it down by ending the filibuster, demanding
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republican senators nuke it. it requires 60 votes for most legislation. >> republicans should terminate the filibuster. if you don't terminate the filibuster, you'll be in bad shape >> that did not happen. republicans again defied the president and defied him explicitly because they felt that, gosh, one day he won't be president. the shoe might be on the other foot. this would be a bad idea. and during the most recent election, republicans lost across the board and across the country. right. there was virginia, there was new jersey, the guy that trump called a communist and he said would be the most terrible person ever as mayor, zohran mamdani won easily. and when trump came face to face with mamdani, he turned. he saw the pressure and he offered nothing but praise for a man that he has called a lunatic, a radical. and yes, a communist >> i think you're going to have hopefully a really great mayor. i think he is going to surprise some conservative people. actually, i expect to be helping
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him, not hurting him. i want him to do a great job. i'll be cheering for him >> kristen holmes is outfront live outside the white house. and kristen, when it comes to the comey and james rulings, right. tossing those cases out, the white white house now says they're going to appeal. where do things stand now? >> yeah. look, it's really unclear when they're going to appeal. this is going to have to come from the department of justice. and we heard from the white house earlier today saying that they were going to immediately appeal if it hadn't been done already. but that was hours ago, and we still haven't seen this appeal. now, i was told by a source that inside the doj, the department of justice, that the attorney general is meeting with the deputy attorney general, todd blanch. they've been having conversations as to what exactly to do next, because there are two paths to go down here. one, there is this appeal that would essentially fight the fact that lindsey halligan was put in as interim u.s. attorney, saying that it is valid. and that's kind of what you heard from the press secretary and what you're hearing from the white house, that they want the department of justice to do. but there is another option here, which is go through the actual traps of appointing and getting
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confirmed a u.s. attorney, and then re bringing the charges, because, as you noted, these cases were tossed out but without prejudice, meaning that they can bring back the charges. this wasn't about the evidence in the case. this wasn't about the cases themselves. this was about particularly lindsey halligan saying that she was not valid in her role as u.s. attorney. and one thing to note, erin, the white house has been in lockstep with the department of justice throughout this entire process, particularly when it comes to comey and james. it was president trump and his white house who put the political pressure on eric siebert, who was the u.s. attorney in the southern district of virginia, which ultimately led to him leaving because he was not going to bring charges against comey or james. that is when president trump publicly put out that he wanted attorney general pam bondi. bondi to appoint lindsey halligan because lindsey halligan would go after political enemies, namely comey and james. so obviously, president is very invested in this. he was happy when those indictments came down for both of them. so we'll see what happens next. in terms of what
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the department of justice does. remember, one of these options is going to take longer than the other. we know president trump wants this done quickly. >> yeah. well that's right. and as he had made on that original post, that was meant, i suppose, to be private and was public, pushing bondi to go ahead with the indictments. kristen thank you. ty cobb is here now. former trump white house lawyer. ty, you've been predicting this for weeks now. you were pretty black and white about it. you went out on the limb and you said at the start a few days ago, you told me, quote, this case will be tossed along with the illegality of halligan's appointment. so i guess tonight's your official. i told you so. >> ha! >> well, i think anybody who was an. >> experienced federal. >> prosecutor and spent some time in supervisory positions understands this law very well. you know, sam alito now, trump's favorite supreme court judge in 1986, shortly after this statute was was revised and, to the form it is today, made it very clear that, you know, the the attorney general and the president have 120 days to have an appointment pursuant
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to subsection a of the statute, and that gives them the opportunity to have whoever they want for 120 days, after 120 days, whoever is going to be the interim u.s. attorney is a decision of the federal court. and that's that's all that this judge did today, this, you know, calling her a rogue judge when sam alito is the person who, who interpreted the the case first at the justice department when he was deputy assistant attorney general. you know, that's that's pretty that's pretty far out there. and it's typical of the, you know, the rhetoric and the, you know, fraudulent rhetoric that is of, you know, what this administration says in these circumstances. >> so, you know, you're making the point that this is is about just the the formal legality of lindsey halligan being in the job to begin with, as opposed to the merits of the case itself. when the white house spoke about it today, karoline leavitt, the press secretary, gave this assessment. >> it's as clear as day. and this judge took an unprecedented
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action to throw these cases out to shield james comey and letitia james from accountability based on a technical ruling. >> so they say they're going to appeal. is that wise? and what do you make of her use of the word technical? >> you know, it's sort of silly. it's like you know, saying that it's technically wrong to run a red light, you know, i mean, the reality is it's wrong. and here it's wrong to, you know, try to take two bites of the apple on 120 day rule. so it's that's pretty simple. and that's sort of the, you know, historical hysterical rhetoric that you get from this administration that we've really never seen before in history. i mean, these people make stuff up. it's it's false. it's silly. and i think, you know, i'm sure that comey and pat fitzgerald and the legal team are very happy. that creepy caroline is dictating legal strategy. >> so attorney general pam bondi was asked about lindsey halligan specifically and her future, as
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opposed to the merits of the case. but what's going to happen to lindsey halligan? here's what she just said >> we have. >> made lindsey halligan. >> a. >> special u.s. >> attorney. >> so she is. >> in court. she can fight in court. just like. >> she was, and. >> we believe we will be. >> successful on appeal. >> and i'll tell you, lindsey halligan, i talked to. >> all of our u.s. >> attorneys. >> the majority. >> of. >> them around. the country, and. >> lindsey halligan is an. >> excellent u.s. >> attorney, and shame on them for not wanting. >> her in. >> office. >> ty, what happens? >> i think that's well, she's not she doesn't have to go to burger king. but you know, she can and she can be lawfully in a u.s. attorney's office, but not in a supervisory role. and, you know, it's it's silly to talk about lindsey halligan as somebody who actually should be an assistant u.s. attorney or should even be in court on behalf of the government, because what we know from her time, her limited time in the grand jury from magistrate judge fitzpatrick's ruling last week, is she committed a host of constitutional errors, even even
quote
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going so far as to unlawfully explain to a jury that they didn't need to rely on the evidence that they'd seen because the government would have better and more evidence at trial. and denying that comey had a fifth amendment privilege. so, you know, i mean, she hasn't done anything to distinguish herself, including lying to the judge in court in front of judge nachmanoff the other day, saying saying that, that she was, you know, she that the that the grand jury had actually voted on this when we know it's just not true. >> yeah. >> all right. ty, thank you very much. ty cobb. and everyone is here with me now. i mean, van, you get a ruling like this, and it's interesting as ty saying, they're going to appeal a ruling that was just whether she has the right to be there or not. they could just let the whole thing go and try to bring the case separately. right. go on the merits. but that's not what they say they're going to do. does this ruling, both of these cases being tossed, change trump's political power right now? >> look, i think the fizz is starting to come out of the soda. the fizz is coming out of the soda. donald trump has had.
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he's just starting to run into problem after problem. you had 7 million people come out and march against him, the most in history. brushed that off, then gets whooped in the elections. i mean, just whooped anybody with an r next to their name gets chased out of the ballot box. then he gets forced to release this. the epstein files. now he's getting stopped in court. you're just the way a would be tyrant gets to kind of do his thing as he seems invincible. he's invulnerable. nobody can stop this guy. everybody run for the hills. and now you're starting to see the air come out of the tires on this guy. and it's. like it's not over. but this is not the kind of month that you saw 3 or 4 months ago. he was just running over everything and everybody. >> gotcha. >> i think. i'll come. at this. >> from even the. >> gop side. >> which is i think he's losing some of the gop, which i think. is the biggest political. >> story over. >> the last ten days. look, he's obsessed with going after his political enemies. but what he should be focusing on right
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now is the average american citizen. and that's the economy. polls came out today that were devastating. 62% of americans say it's trump's. responsibility for the economy, not. joe biden, 71% believe tariffs have made their life worse as a result of things being more expensive. i'm talking about groceries, utilities, health care, housing. and then you have marjorie taylor greene resigning. friday night. that is not that. that is not a victory for trump. that is a victory for marjorie taylor greene. stay tuned to what she's going to be up to. and there may be more following her footsteps. which brings me back to how important this is for the cracking, potentially of the gop. >> so okay, to this point, marjorie taylor greene i heard a republican operative i can't remember who it was, but they were used to work for marco rubio was making the point that this was actually proof that trump was strong, because marjorie stood up to trump. and guess who is gone? but gretchen's point, i think, speaks to what a senior house republican told punchbowl today.
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more explosive early resignations are coming. it's a tinderbox. morale has never been lower. mike johnson will be stripped of his gavel and they will lose the majority. before this term is out. >> yeah, he had. >> a very. >> razor thin. >> majority. he could only. >> lose a few members. and what's happening is the clock is ticking forward and the midterms are less than a year away. there are all of these members who are looking up saying, wait a minute, the people in my district are not fans of the tariffs, are seeing grocery prices go up. they don't like the focus on political revenge, the ballroom or whatever the heck is. going on. and they're looking around saying, hey, like, what about me? and so there's this fragmented trust between a lot of rank and file republican house members and this administration. and so some of them are looking up and saying, instead of losing and going out on my hill, i think i'm going to join marjorie taylor greene and seriously consider resigning, because then i can vote how i want and speak freely
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for this final number. >> but i even think people staying in office and not resigning are going to start voting how they feel. feel. see, that's also the big difference here. the crack was the epstein file vote. yeah, because that we may see republicans now get a spine and decide that they're actually going to vote based on what their constituents want and maybe what their own personal convictions actually are, and not just because they're fearful that trump will primary them. >> so erick erickson and i know there's been many a times he would be sitting here tonight, but i'm going to bring him into it even though he's not here. okay. he posted the kidse kids executive branch working on behalf of the president, pushed the president on a plan to extend obamacare subsidies without having a buy in from house and senate. republicans elevated the stature of democratic senator mark kelly, as democrats had been flirting with gavin newsom, put out a ukraine plan no one likes, failed to fill 18 judicial vacancies in nine red states. it looks like amateur hour has returned. i thought it was interesting. there was referring to mark kelly that they've launched an investigation into him because he's part of that video that said, don't follow
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illegal orders. eric went down to three substantive issues here. >> yeah. look, i mean, he's not wrong. you do. when you first came in, when trump first came in, they knew what they were doing. what they were doing was terrible. i was against it. but you could see the discipline and the execution and was shock and awe. shock and awe. i think they did a bunch of stuff and now they just don't know what to do. and so they're just riding their little tricycles around in the oval office doing whatever comes to mind. and it's not working. meanwhile, everyday americans are looking at these prices and they're looking at a president with a golden ballroom with a golden toilet and going all over the world and gallivanting and doing whatever he wants to do. and i think they have lost the plot. and i think the problem is when people are in love with somebody and they fall out of love, it's hard to fall back in love. you've got a bunch of farmers out there that were in love with donald trump. they are now losing their farms. they're not coming back. >> you're seeing this line between dictator and lame duck. it turns out it's a fairly
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short trip and. >> those two things were next to each other. >> if you went back to the voters and said, especially the independents, why did you vote for donald trump? they would say the economy and immigration. likely those would be the top two things. trump promised that on his first day of his presidency, he would reduce the price of groceries. that has somehow fallen off the back of the tractor. that is no. and apparently he may be changing. maybe even his chief of staff and top people. as of a report today, because he doesn't like how the economy is being messaged. but the problem is it's him. he is more concerned about developing these political enemy story lines than he is about focusing on the economy, which is what the people voted him to do. >> and he also said, i mean, not that the economy is obviously the most important thing to people, but something like the epstein files to some of his base, whether it be laura loomer or steve bannon, many others, some of them in this administration, kash patel, you know, pam bondi, you know, he was going to release the epstein files.
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>> yeah. well, i don't know why he made that promise. maybe he hadn't seen them, but apparently once he saw them, he was like, never mind. and i mean, he has fallen down the stairs on that. and they're just everyday people. this is not a hard thing to figure out. if you had a list. anybody here had a list of people who had done bad stuff to hurt children, you'd let it. you release it. if you're sitting on that list, you don't have to say anything else about that person. their character is in the toilet. and that's what happened to donald trump on this issue. >> you know, a lot of donald trump's energy is kind of this anti-elitism, which played into the epstein files. and so the fact that he's like, hey, nothing to see here. all of a sudden i was like, wait a minute. like, i thought you were like our instrument for revenge against these people. and now somehow you're one of these people. it's a terrible look. the fact that the republican house members flipped to that degree, i think it's a terrible sign. and if you see him speak right now, it doesn't seem like his heart is really in it. am i the only one looking at this being like, hey, this guy seems like he's, you know, he's,
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kind of filling the seat, but he doesn't really have a vision or a plan beyond some of the the revenge. machinations that right now are falling short, and. >> well, we'll see what happens with that. obviously we're waiting. kristen said they thought there might even be an appeal filed before our program, but it hasn't come yet. all right. thank you all. and next, the breaking news. explosions in kyiv at this hour, as trump expresses optimism about a peace plan. i think we've seen this before, haven't we? and crypto losing $1 trillion in value in just weeks. is there a bubble bursting? the minneapolis fed president neel kashkari, is out front, and elon musk's new policy for x reveals that foreign trolls are posing as maga influencers. maga influencers that influencers. i'm sorry that donald trump himself has reposted >> cnn heroes. december 6th on. >> cnn and next day on the cnn. >> app. >> love your plugins, but wish you had.
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>> thursday morning. join cnn for live coverage of the biggest parades from coast to coast. john berman erica hill and sara sidner host thanksgiving in america. live coverage starts thursday at eight on cnn. and watch on the cnn app. >> breaking news. a ballistic missile attack is underway. as i speak on the ukrainian capital of kyiv. according to the ukrainian air force, right now, ballistic missiles. the attack comes as the the white house says president trump is, quote, hopeful and optimistic that a deal can be struck to end putin's war in ukraine. this, after a weekend of intense negotiations in switzerland, which all came on the heels of the trump administration releasing a 28 point peace plan that was entirely putin's wish list. now, when ukraine didn't accept that plan on its face, trump went to social media and wrotwrote in part, quote, ukrai quote, leadership, end quote, has expressed zero gratitude for our efforts in caps. now, of course, this entire situation is not about saying thank you. that
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trivializes something quite existential. but we do know that. thank you. may be at the core for trump. >> thank you for. >> your leadership, for your. >> boldness, for your clarity. >> for common sense. >> thank you for putting. >> this entire team together. >> thank you. >> for the largest tax cut in. >> american history. >> thank you. >> for the. >> opportunity to. >> work for you. thank you for everything that you've done. >> thank you. >> president trump, for. >> for your leadership. thank you for reclaiming labor day for the american people. >> thank you for saving college football. >> and since trump says that this situation in ukraine is about thank yous and whether leadership has said those words to him, we checked to see has zelensky said thank you? >> i'm grateful to the u.s. for their support. >> so what can i say to american. >> people in english? >> my english is poor to say all. all my messages. >> and all. >> my thanks.
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>> to you. >> thank you for your personal efforts to stop this war just now. mr. president. >> many thanks to your wife. >> i thank every american. >> family. >> i was always. >> very thankful. >> even republicans are pointing out how far off base trump is on this. republican congressman don bacon. one example postingostin quote, the president continues to ignore that it is russia who invaded ukraine and bombing cities every night. putin ordered the invasion. why the moral confusion? the war started before trump's first term. i've heard president zelensky thank america imes for our military aid. and congressman bacon is, of course, as we just showed, correct. in fact, our fact check team went and looked and volodymyr zelensky has said thank you to the united states. at least 78 times. outfront now, democratic congressman seth moulton, who sits on the armed services committee, also a marine veteran. congressman, i appreciate your time. this whole obsession with being thanked is well, it actually appears to
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matter. why do you think trump is so focused on this issue, on being told thank you from zelensky >> because it's all. >> about him. >> for donald. >> trump, it's. >> all. >> about him. >> i mean, never mind that innocent ukrainian kids are being. >> killed every. >> week in ukraine. >> trump thinks. >> this is about him. we all know that. that's who. >> he is >> so your republican colleague don bacon, i just mentioned him. he posted why the moral confusion? and, you know, that sort of struck me because the plan that the white house or. well, it's unclear whether russia had provided it or what went on with that whole thing. right. it's quite confusing to put it kindly. it was, of course, much of a putin wish list, right? even saying nato would not expand at all. russia gets back in the g-8. ukraine slashes its military, putin gets all this territory in ukraine. my question to you as as we are speaking right now, and we understand that there are ballistic missiles coming down into kyiv, coming at kyiv right now as we speak. well, putin, honor any legitimate deal?
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>> no, of course he won't. >> i mean, any deal that depends on. >> putin's promises. >> is not a. >> deal at all. any deal that rewards war, criminal. prudent for his criminal war. >> is not a deal. >> that. >> does not send. >> the right. >> message to russia. >> it's not. >> fair to the ukrainians, and it. >> certainly doesn't send. >> the right message to. >> any other nation. >> around the world. >> like china, that. >> might want to start a war of aggression. so we need to be very clear. >> i mean, the. >> 28 point. >> plan, it's pretty obvious. if something looks russian, sounds russian and serves russian interests, it's obviously engineered by the russians. now, the question. >> is. >> you know, what is the final deal? >> and i. >> think one of the things that we have to be sure. >> is that congress remains united. >> people like. >> don bacon. >> on the republican. side aligned with me on. >> the democratic. >> side, that we will not accept a. >> deal that's good for russia >> and, you know, as we speak,
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of course, those missiles coming into kyiv, we understand. what do you read into that? right. it was a 28 point plan and sort of take it or leave it. you have a few days, then all of a sudden there's some negotiation. there's a counter plan from europe. it gets a little confusing, and all of a sudden it's another night of missiles in ukraine. >> right? let's not. >> be naive. >> about what putin wants. >> to do here. let's not. >> be naive about his his aims here. >> remember. >> there was. >> this agreement. >> called the budapest. agreement that supposedly would. prevent russia from. >> invading ukraine. >> a decade ago. >> and that's been grossly. >> violated by. >> vladimir putin. >> so that's. >> not. >> where we can end up. >> now, one of the things that democrats like myself can do at this time, at a time when. >> trump's hold on the republican party. >> is slipping. >> is actually. >> make sure that we get republicans on our side here. and there are a lot of republicans, not just don bacon, who fundamentally support ukraine in this war effort. right. so that's what i've been doing in part, is having some conversations with republicans
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to make sure that they're still onside here, even if the president is not. and what i'm hearing from republicans like those i serve with on the armed services committee, is that there is still a lot of republican support for ukraine, that we're not just going to give in to. the congress is not just going to give in to the administration on this. so we'll see where they end up. but what the important message is here for the ukrainians is don't give in here. there's a bipartisan group in congress that is still behind you. it's a bipartisan majority, and we need to show that we're willing to stand up to russia. and we're also willing to stand up to trump. >> well, it's important that you point out it's bipartisan because it is, and it's been one that has been since the very beginning with so many of your republican colleagues. i want to ask you about one other topic, if i may, congressman, because you are a marine veteran, the pentagon says it's investigating democratic senator mark kelly, who's a retired navy captain, in light of what they call serious allegations of misconduct. kelly was among the six lawmakers who put out a video telling military personnel not to follow illegal orders.
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now, trump, as you know, had accused the group of sedition. and he noted in that post that that was punishable by death. then he posted, quote, the traitors that told the military to disobey my orders should be in jail, right? what is your reaction to this investigation now against kelly? >> i mean, it's completely absurd. you're investing, you're investigating someone who happens to be a veteran, an astronaut, a hero to many americans. for what? telling the troops to follow the law. i mean, it's just crazy. in a normal world where you actually had a president who respects the constitution and a secretary of defense who follows the law himself, they would just say, yeah, of course. of course the troops should follow the law. we're only going to give you lawful orders. but that's not what you're hearing. it's almost as if the president wants to start an illegal war in venezuela. or maybe we have a secretary of defense who himself violated the law, sharing classified information with his
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family, texting it to them, something that would have gotten any private under his command thrown into prison. so suddenly he's a little bit nervous that veterans in congress are simply saying to our troops, just a reminder, follow the law >> congressman, i appreciate your time and thank you good. next, the the plunge in crypto affecting the trump family personally, more than $1 trillion in value gone in weeks. plus a number of maga influencers reposted by trump. and we're now learning more about them, about the foreign trolls who own the accounts. and it is all because of something elon musk did. it's an important report. you'll see here >> tonight on 360. >> the stories that matter anderson cooper 360 tonight at eight on cnn. >> they all want the emirates nba cup. i'm gonna get that. 30 teams, six groups. nowhere to
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patriots.com and get your generator with free solar panel >> tonight cryptocurrency cratering losing more than $1 trillion in market value just since last month. take a look at bitcoin. it hit a record high on
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october 6th. now it's down more than 30%. i still at an incredibly high price. it seems between 80 and $90,000 since friday, but it is a tumble and it rattled wall street and the the white house. dan alexander of forbes, a frequent guest on this show, estimates that president trump has lost close to $1 billion in personal money on this since the peak of bitcoin in october. out front now neel kashkari, president and ceo of the federal reserve bank of minneapolis, you know, crypto is at the core of well, all of a lot of the surge that we've seen in the market. we've got a.i. we've got crypto. do you think that we are witnessing a bubble bursting here? i guess explicitly, when it comes to crypto >> well, i would segment. aaron, crypto and a.i. there's nothing fundamental underneath crypto. so i've i've compared crypto to beanie babies. for a long, long time. beanie babies prices went up. they went down. who knows why. a.i. are. trillions of
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dollars now are going to be invested in a.i., and i'm much more confident that a.i. is actually doing things that are useful in the economy. >> that will. >> ultimately make us more productive as an economy. we'll all that investment pay off. i don't know if all of it will pay off, but at least there are real use cases for a.i. i can't say that for crypto. >> all right. so i'm curious about this because there are so many who, you know, have have been critics of crypto who have come around and then suddenly gotten on board. but i actually you just said beanie babies. i get that maybe everyone watching gets that right. who knows why people want beanie babies while they're hot at some cabbage patch kids? strawberry shortcakes whatever you want to call them at that time. but crypto itself, you have criticized it, whether it be beanie babies or other words you've used over the years. nonsense, fraudulent. what do you think of crypto at this point? i mean, you were talking about something, even with this plunge, that's still worth almost $100,000 to buy part of it. >> yeah, i just i just asked people, what can you do with it
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in in america? what problem. >> is it solving? >> i've been asking this question now for a decade, and i haven't gotten any good answers. the best example is that if you want to get around banking regulations and know your customer and anti-money laundering regulations, it's a way to do that. that sounds lousy to me. as a federal reserve policymaker. now people say, well, stablecoins, this other thing is a little bit different. that should be safer. but i still don't know what problem it's solving. you know, i can send you $5 right now with venmo. that is effectively a stablecoin. so what is it that this new crypto thing can do that existing products like venmo or paypal can't do? nobody's been able to answer that. and so i don't spend a lot of my time thinking about crypto. i'm much more interested in a.i. and what it means for the future of the economy. >> all right. so let's talk about that. i guess adjacent to the real economy itself, the san francisco fed president, mary daly, she rarely breaks with jerome powell, but now is in favor of lowering interest rates at the next fed meeting. and the reason is jobs. and we know he's talked about worries about
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jobs. you've talked about that with me. but she told the wall street journal on the labor market, i don't feel as confident as we can get ahead of it. it's vulnerable enough now, and some of the headlines out there, bloomberg some u.s. consumers say a recession is here. business insider the u.s. economy seven deadly signs fortune half u.s. states are effectively in a recession right now. you know, i just am contrasting. that's the real economy that everybody is living in. a.i. is this it's not virtual. it is real in some in some sense. but the a.i. stocks and nvidia, i mean, what's happened with nvidia is incredible, right? when you look at how much it surged, are you worried that we're in a recession and that the divergence between what we're seeing in the a.i. market and the real economy that we're all living in is simply too divergent to have both things be true. >> well, there's a big divergence just for the reasons that you said, aaron. but, you know, i've been talking to a lot of companies that have large consumer operations, and what they tell me is that they're middle class and lower income
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consumers are really feeling stressed. and you can see it in the spending behavior. people are going to lower price restaurants. they're going to lower priced grocery stores. they're shopping lower priced brands, for example. so those look recessionary. but if you drill into why are they feeling that stress? part of the reason they're feeling that stress is because of inflation that they've experienced over the last 4 or 5 years. and so yes, i agree that the federal reserve can affect the labor market and that we ought to be able to support the labor market from having a further increase too much, hopefully, in unemployment. but if people are just feeling economic hardship because of inflation, if we cut rates, that doesn't help the inflation problem for the american family. and so this is a particularly tricky time for the federal reserve to try to navigate that, given that we just have monetary policy as our only tool. >> yeah. it is a moment where it just it's good you've got it, but it just doesn't feel enough as you point out. right? it's too blunt. it's too blunt. all right neil, well i appreciate it. thank you so very much. thank you for being with me.
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>> thank you >> and next, elon musk's new policy exposes a number of maga influencers to actually be foreign trolls, trolls that have actually caught trump's attention. this is a really fascinating report. coming up, a new reaction from the kennedy family tonight after jfk junior's granddaughter reveals she may have less than a year to live, while also taking aim at rfk jr. >> thanksgiving in america live coverage starts at eight on cnn and watch on the cnn app. >> for adults with. >> obesity. >> zepbound means. >> change. >> it's changing what i believe is possible when it comes to weight loss. >> zepbound helps adults with obesity lose. >> weight and keep it. >> off. >> don't take if allergic to it or if you or someone in your family had medullary. >> thyroid cancer or multiple. >> endocrine neoplasia syndrome type two. tell your doctor if you get a lump or swelling in your neck. stop zepbound and call your doctor if you have severe stomach pain or a serious
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>> so we have new details tonight about how a new policy implemented by none other than elon musk exposed a wave of foreign trolls posting and posing as maga social influencers on x. in fact, president trump himself has reposted some of those trolls to his truth social platform. cnn's hadas gold is out front >> the x account maga nation with nearly 400,000 followers, boasts itself as standing strong with president trump and america first with post after post backing trump. but one click shows it's based in eastern europe, one of its most popular posts about the epstein files has been viewed 1.9 million times. it's just one of a number of popular political accounts, mainly pro-trump, outed when elon musk's x rolled out a new feature that shows where accounts are actually located, from russia to nigeria. dozens of accounts revealed to be based outside of the united states. another this account
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named america first, featuring the image of white house press secretary karoline leavitt. it's operated by someone based in bangladesh posting things like this image saying president trump will go down in history as the greatest president of all time. even president trump himself reposting several accounts that are not from the united states on his truth social platform, like this account called commentary. donald trump posting about whether foreign born citizens should be barred from running for office. the account itself based in africa. the revelations bringing back memories of 2016, when russian state run networks of fake accounts and bogus online personas tried to influence that year's election by boosting trump. >> it's going to get worse. >> before it gets. >> better. and bad. >> cyber actors all the. time are more and. >> more. >> ingenious. >> more tenacious. >> and more aggressive. >> while it's not clear any of these accounts are from a coordinated foreign influence campaign, experts say there are financial and political incentives behind such accounts.
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>> there are some. >> people who. >> hop on. >> lots of. >> different issues that can get attention. >> and therefore drive. >> revenue and monetization and ads. and then. >> there are people who have. >> political goals. >> both benign and more malign. foreign countries. >> that have organizations that are dedicated. >> to trying to shape u.s. >> politics. >> while x has suspended some of the maga accounts, the company did not respond to a request for comment. its head of product said the new feature is an important first step to securing the integrity of the global town square, while warning there were still some kinks to work out on the feature. >> well. >> i think x and. >> many other companies have an existential problem that's. >> coming. >> which is. >> it's. >> going to become increasingly hard. >> to. >> figure out what is real human and what is a.i. agents >> so horus is here, and, you know, when you were watching that, right? you're thinking of these some of these russian troll accounts, right? people might think back to 2016, when russian troll accounts were important in the election itself. is there any indication that what we saw then is coordinated with what you're reporting on now?
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>> it's hard to tell yet whether there's sort of coordinated foreign influence. campaign researchers are still digging into this data. but i think and it's also important to say that cnn cannot independently verify x's own location data. but i think it's important to note a big difference between what we have today and what happened in 2016. and that is now there's a big financial incentive because x within the last year or so made it so that creators can earn a lot of money based off of engagement that they get. if you look a lot of these accounts that we found that were based out of other countries, a lot of them are engaging this sort of engagement farming, trying to get people to respond to them. and so there is a question of whether it's just more of a financial incentive. >> so less of a political motivation or foreign intelligence. >> there is political motivations out there, but there's a lot of money making incentives. >> as well. all right. thank you very much. and next, we're hearing more from the kennedy family after the heartbreaking announcement from jfk junior's granddaughter that she may have less than a year to live. >> tonight on 360. >> the stories that matter anderson cooper 360. next on cnn. >> on the tee, it's skechers
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serving a full course celebration for america's favorite holiday. >> we have. >> got an incredible. >> show. >> experience the magic from coast to coast with live coverage of the biggest parades with performances and appearances by brad paisley, bobby berk, henry winkler, t.i. and more. john berman erica hill and sara sidner host thanksgiving in america. live coverage starts thursday at eight on cnn, and watch on the cnn app. >> tonight, the kennedy family rallying around john f. kennedy, junior's granddaughter tatiana schlossberg, who revealed she has terminal cancer and also taking direct aim at robert f. kennedy cuts to health care. katherine schwarzenegger, daughter of maria shriver and arnold schwarzenegger, said of her cousin's diagnosis, i am and continue to be grateful for all of the doctors and nurses helping her and encourage you to read her words about how the state of the country, the cuts and uncertainty impacts and terrifies those in medicine, and
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receiving treatment. like tatiana sunlen serfaty is out front. >> hi, i'm tatiana schlossberg. >> five years. >> ago. >> tatiana schlossberg. >> seemed healthy. >> i was so surprised that people. i don't. >> know, want to listen to. >> me talk. >> but now. >> 35 years. >> old, with all. forms of treatment, exhausted. schlossberg is sharing. >> that her. >> doctors say she has. >> less than one year to live. >> i feel so. >> cheated and so sad that i don't get to keep living this wonderful. >> life. >> the daughter of caroline kennedy. >> we shall pay any price. >> and granddaughter of. >> president john. >> f. >> kennedy, schlossberg says. >> routine blood work performed. >> the same day. >> she gave birth to. >> her daughter last. year revealed. >> a rare. >> version of. acute myeloid leukemia that does not have a. >> cure. >> her brother. >> jack schlossberg. >> who recently. >> announced he is running. >> for congress, posting. >> life is short. let it rip. >> her cousin. katherine schwarzenegger., >> saying. >> she has. >> only tears in. >> anger. >> reading that.
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>> this is her reality. >> maria shriver, the journalist. >> and cousin to schlossberg's. >> mother, caroline kennedy, saying, let it be a reminder to be. grateful for. >> the life you are living today. >> right now. >> this very. >> minute. >> schlossberg is. >> herself a journalist and author, writing. >> about the. >> environment and climate change. >> somebody actually. >> does pay. for the cost. >> we pay for the cost in terms of the ecosystem. >> health or. >> the health. >> to the oceans. >> she is the mother of two. >> young. >> children. >> a one year old. >> daughter and a three year. old son. part of a broader family that has a history of tragedy., >> which is often. >> played out for the world to see. her grandfather's. >> assassination as. >> president, the assassination of her great uncle, robert kennedy. >> the. >> plane crash that killed her. >> uncle john. >> f kennedy jr., among many others. >> she painfully acknowledges she is now. >> adding to it. for my whole life, i have tried to. >> be good, to be a good student and a good sister and a. >> good. >> daughter, and to. >> protect my. >> mother and. >> never make her upset or
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angry. >> now i have added a new tragedy to. >> her life, to our. >> family's life, and there's nothing i can do to stop it. >> ted kennedy once. >> said he wonders if there's such a. >> thing as a kennedy. >> curse because. >> of. >> so many untimely deaths. >> or family. >> members who hit freak. >> accidents. >> the historian, the pragmatist. >> in me just. doesn't believe. >> in curses. >> i think it's just sad. >> schlossberg described undergoing a series of treatments chemotherapy, bone marrow transplants and a clinical trial of immunotherapy as. >> her cousin. >> robert f. kennedy. kennedy. >> jr.. >> who is at odds with much of the rest of the family, was confirmed as secretary of the department of health and human services, calling him an embarrassment. i watched from my hospital. >> bed as. >> bobby, in the face of logic and common sense, was confirmed for the position despite never having worked in medicine, public health or the government. schlossberg says that her remaining time is not going to be about politics, but about her children. >> writing that. writing that. >> as she watches her young kids
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play, sometimes i trick myself into thinking i'll remember this forever. i'll remember this when i'm dead. and we. >> reached out to hhs to get comment from robert f. kennedy jr.. they did not get back to cnn. >> and rfk has not said. >> anything yet publicly. >> about his second. >> cousin, about her diagnosis. >> or her mention of him in. >> this article. but this family tension, erin, rfk. >> has addressed in the past. of course. >> without this new context. he has said that they have. >> a large family. >> and that they were. raised to differ with each other on issues. >> erin. >> sunlen, thank you very much and thanks to all of you unlawfully. what? a federal judge ruled in what the president does next. speaking of next, the pentagon goes next level on senator and